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Ford to Invest in Thai Car Plant Amid Demand in Asia

BANGKOK—Ford Motor Co. is making multi-million-dollar investments in two major export hubs in Asia and Africa, as part of an effort to beef up its presence in fast-growing emerging markets.

On Thursday, Ford announced a $450 million outlay to build a new passenger car plant in Thailand. The plant is expected to provide a boost to the Thai auto industry and help an economy racked by months of political turmoil.